SBI inks agreement with Japan Bank for USD 1 billion loan

State Bank of India on Wednesday said it has signed an agreement with Japan Bank for International Cooperation (JBIC) for a loan worth USD 1 billion (around Rs 7,403 crore). Of the total loan amount, USD 600 million will be financed by JBIC and USD 400 million by other participating banks - SMBC, MUFG Bank, Mizuho Bank, Shizuoka Bank, and Bank of Yokahama, SBI said in a release.

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